Laserfiche WebLink
23 <br /> Page 3 _- <br /> ➢ Recommendation -that increment be provided through, and including. the <br /> Year 2012 in an amount not to exceed $3.85 million gross. <br /> • The Councils position on the use of Eminent Domain as a method of <br /> gaining site control within the protect area. <br /> ➢ Recommendation — that prior to the City undertaking this process the <br /> developer provide evidence that negotiations have been unsuccessful <br /> and that all other methods of obtaining site control have been depleted. <br /> ➢ Recommendation — that the developer pay all costs up-front which are <br /> associated in any way with the condemnation proceeding in addition to <br /> reimbursing the City for the final cost of site acquisition and relocation. <br /> • The Councils interest in purchasing "public space" within the <br /> development. <br /> ➢ Recommendation-that the Council opt out of"public space" participation <br /> due to potential conflicts with state law regarding the use of tax increment <br /> to subsidize public space. <br /> • The Councils intent to adopt a Business Subsidy Policy in compliance with <br /> State Statute prior to approving a development agreement with Hillcrest. <br /> Recommendation — that a public hearing be held to adopt a Business <br /> Subsidy Policy at the time the public hearings are held regarding the Tax <br /> . Increment District creation. A sample policy is attached for your <br /> information. <br />